91
NPC: Propylene Production a Petchem Priority
Energy

NPC: Propylene Production a Petchem Priority

Propylene production will emerge as a key priority of Iran's growing petrochemical industry and a significant volume of the 24-million-ton methanol capacity would be transformed into propylene as a feedstock for complementary industries
Mohammad Hassan Peyvandi, deputy head of the National Petrochemical Company said Sunday presently no country can compete with Iran's potential and capacity for petrochemical development. "Special emphasis has been laid in the Sixth Five-Year Economic Development Plan (March 2011-2015) to develop this sector."
He, however, noted that "due to shortage of propylene, downstream and complementary industries have been unable to function as expected."
Most chemical industries depend on propylene rather than being ethylene-based, the NPC official was quoted by Mehr news agency as saying.
He reaffirmed the need of the growing petrochemical market for propylene and said 24 million tons of methanol will enter the market in the next five years from Asalouyeh, Bushehr Province and other plants across the Persian Gulf. Five million tons of this product is currently produced inside the country.

 

Short URL : http://goo.gl/XXsnd6

You can also read ...

Oil Supply to Russia Likely Next Month
Moscow and Tehran may soon agree upon conditions for the sale...
Petrochemical production exceeded 18 million tons in four months.
Iranian petrochemical exports exceeded 7 million tons in the...
The growth in US solar and wind power output was dramatic.
The expansion of wind and solar energy and the resulting...
Iran is pushing for higher crude output from the joint field with Qatar.
Four crude oil cargoes from South Pars Gas Field’s oil layer...
PGSR’s total gasoline output has exceeded 320 million liters since May.
The Persian Gulf Star Refinery in Hormozgan Province has no...
Shell Lifts 1st Libya Crude Cargo in  5 Years
Royal Dutch Shell has lifted a cargo of 600,000 barrels of...
Crude Market Shows Strength Beyond Seasonal Peak
The market for physical barrels of crude from places as far...

Trending

Googleplus